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To: IQBAL LATIF who wrote (18322)5/8/1998 9:22:00 AM
From: Jerry Olson  Read Replies (1) | Respond to of 50167
 
Ike my read is if the SPX cracks 1102-5 area we can rally hard to new highs..but the markets are very precarious right now...interesting to say the least...however 8950 held well, let's see if it can hold today after this incredibly bullish empl report..



To: IQBAL LATIF who wrote (18322)5/8/1998 9:59:00 AM
From: Brian Fukuba  Read Replies (2) | Respond to of 50167
 
Economic Calendar: Nonfarm Payrolls 262K, Unemployment Rate 4.3%, Hourly earnings 0.3%, Avg Workweek 34.4

Details: briefing.com

Weekly Summary:
moneynet.com
Ideas Home Page: come.to

bri

Ike,
Thanks very much for your time and analysis. @9:56 dow up 49, spx +8 @1103. Curbs in effect.




To: IQBAL LATIF who wrote (18322)5/8/1998 10:25:00 AM
From: Lee  Read Replies (1) | Respond to of 50167
 
Ike,..Re:<< lowest unemployment number at 4.3%,>>

Good morning Ike,

Looks like you were right about scenario 1. Buying has begun and Tyx almost back to unchanged. A possible explanation for the 4.3% rate is at the following URL.
economeister.com
Teen Job Definitions May Exaggerate Drop in US Unemployment Rate

Regards,

Lee